The company has invested less in technology development

Aug 12, 2013 08:06 GMT  ·  By

Andrew House, the chief executive officer of Sony Computer Entertainment, says that his company is expecting the launch of the PlayStation 4 next-gen console to generate less losses than the introduction of the PS3.

He is quoted by GamesIndustry.biz as saying that, “We will not generate anything like the losses we did for the PlayStation 3.”

The main reason is that the investment in new technology has been smaller because the team working on the device has used a core PC structure for the platform.

For the quarter that includes the launch of the PS4, Sony expects to post a loss, mainly because of the current Yen – dollar exchange rate.

After the device gets a solid install base, in early 2014, the team at Sony says that the console will pay for itself via hardware and software sales.